How to Create a Lease Contract for Selling Beats & Yaad Riddims.
Music Producers and composers have tools that simplify the process of writing, arranging and selling music digitally. Laptops and the Internet allow producers to create beats/riddims and sell them from virtually anywhere. However, the abundance of music on the internet has also led to pirating and free downloading.
Producers who make hiphop, reggae,electronic or other kinds of beats/riddims need to ensure they have a valid legal contract signed before dostributing their music to any studios or musicians.
1. Write the general terms of the contract. Indicate who the agreement is between. such as your name as the producer, and the name of the artist, label or studio who to use your beat/riddim.
2. Indicate the specific name(s) of the beat(s)/riddim(s) you are leasing to the other party. Indicate that the agreement is good only for those specific beats/riddims, and not for your entire catalog.
3. Write the length of time and specific purposes the beat(s)/riddim(s) can be used for, if appropriate. For example, if you are you allowing your beats/riddim to be used in a song, but not in a commercial, indicate that in your contract. If you are granting granting the other part total control, indicate that the other party has exclusive rights to the beat(s)/riddim(s). This means that the other party essentially owns them once the agreement begins. If the other party is only entiled to use your beats/riddims for a certain amount of time, indicate the exact date and time the other part's rights to your music expire.
4. Define the financial terms of the agreement in as much detail as possible. If you are leasing the music for a set amount, indicate who is to pay and indicate when the payment is due and to whom the check should be written. If you are going to be paid a percentage of revenue generated by the music that uses your beat(s)/riddim(s) indicate the exact percentage and other details of the revenue share model.
5. Review the contract in detail and have all parties sign, print their name and date the agreement. Make several copies, at lease one for each party. Keep your copy handy at all times. Never give anyone your music until the contracts are signed by all parties.